Depreciation Methods

ADS - Alternative Depreciation System, the depreciation is figured the same, as MACRS except the straight-line method is used, over the ADS recovery period, with the appropriate convention. See ADS.

Amortize - Use this method for assets that can't be depreciated such as an intangible asset

Listed - This is a sub class for MACRS that contains personal property. This includes automobiles, certain other vehicles, cellular phones, certain computers, and property used for entertainment, recreation, or amusement.

MACRS - The modified accelerated cost recovery system. Tax method used for assets placed in service after December 31, 1986. See MACRS.

MACRS 150 - This is a sub class for MACRS. It is usually used for Agricultural equipment. The actual depreciation method is the 150 percent double declining method.

Non-Depr - Use this for assets that can't be depreciated. You would use this method for land.

S/L - Straight Line - Cost divided by the asset's life. This method is usually used for book depreciation.